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Inoran85

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- Inoran85Inoran85
  ·2022-05-25
  S&P 500 was introduced in 1957. How did the history data dates back to 1929 Are you referring to Dow Jones ?
  Tiger Chart | A History of S&P 500 Bear Markets Since 1929
  The S&P 500 has experienced 25 bear markets since 1929. Among them, the worst one from 1929 to 1932
  Tiger Chart | A History of S&P 500 Bear Markets Since 1929
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- Inoran85Inoran85
  ·2021-09-15
  Same same but still the same
  Apple unveils iPhone 13, new iPads and Apple Watch
  Apple CEO Tim Cook moved onto product announcements, starting with a new iPad. The video was recorded in an empty auditorium.Apple’s lowest-cost iPad, simply called iPad, is getting an update with a faster A13 processor and a better, 12 megapixel front-facing camera for better video calls, like on Zoom. It’s got a wider lens to capture more people in a single scene and can have an LTE wireless connection.Apple also announced a new iPad Mini, which has a smaller 8.3-inch screen. It has a redesign
  Apple unveils iPhone 13, new iPads and Apple Watch
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- Inoran85Inoran85
  ·2021-05-19
  For the 15th time… media portraying FUD to Investors. #fakenews
  Crypto stocks tumbled in premarket trading
  Crypto stocks tumbled in premarket trading on Bitcoin sliding below $40,000 after China's fresh cryp
  Crypto stocks tumbled in premarket trading
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- Inoran85Inoran85
  ·2021-04-02
  Duhh... you don’t say
  How Likely Is a Stock Market Crash?
  You may not like the answer. For the past year, investors have enjoyed one of the greatest bounce-b
  How Likely Is a Stock Market Crash?
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- Inoran85Inoran85
  ·2021-03-02
  Ok boss, then Short the SP500 and hodl it there
  Sugar Rush - Why The Economy Will Run Hot, Then Crash
  Summary The expected "sugar rush" from more stimulus is why the economy will "run hot" then crash.
  Sugar Rush - Why The Economy Will Run Hot, Then Crash
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- Inoran85Inoran85
  ·2021-01-31
  In for the coins baby!
  China Starts Earnings With 9 in 10 Firms Expecting Higher Profit
  Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investor
  China Starts Earnings With 9 in 10 Firms Expecting Higher Profit
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500 was introduced in 1957. How did the history data dates back to 1929&nbsp;Are you referring to Dow Jones ?&nbsp;","listText":"S&amp;P 500 was introduced in 1957. How did the history data dates back to 1929&nbsp;Are you referring to Dow Jones ?&nbsp;","text":"S&P 500 was introduced in 1957. How did the history data dates back to 1929 Are you referring to Dow Jones ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022055908","repostId":"1139099159","repostType":2,"repost":{"id":"1139099159","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1653444320,"share":"https://ttm.financial/m/news/1139099159?lang=&edition=fundamental","pubTime":"2022-05-25 10:05","market":"us","language":"en","title":"Tiger Chart | A History of S&P 500 Bear Markets Since 1929","url":"https://stock-news.laohu8.com/highlight/detail?id=1139099159","media":"Tiger Newspress","summary":"The S&P 500 has experienced 25 bear markets since 1929. Among them, the worst one from 1929 to 1932 ","content":"<html><head></head><body><p>The S&amp;P 500 has experienced 25 bear markets since 1929. Among them, the worst one from 1929 to 1932 experienced the longest duration in history, and its loss reached 86.2%, while the latest one occurred during the COVID-19 pandemic in 2020.</p><p>On average, each bear market faced a loss of 33.4% and experienced about 331 days. Moreover, it would occur nearly every four years.</p><p><img src=\"https://static.tigerbbs.com/e320175f3c959df19d6e36f9c45e64bd\" tg-width=\"750\" tg-height=\"1889\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Chart | A History of S&P 500 Bear Markets Since 1929</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Chart | A History of S&P 500 Bear Markets Since 1929\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-25 10:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The S&amp;P 500 has experienced 25 bear markets since 1929. Among them, the worst one from 1929 to 1932 experienced the longest duration in history, and its loss reached 86.2%, while the latest one occurred during the COVID-19 pandemic in 2020.</p><p>On average, each bear market faced a loss of 33.4% and experienced about 331 days. Moreover, it would occur nearly every four years.</p><p><img src=\"https://static.tigerbbs.com/e320175f3c959df19d6e36f9c45e64bd\" tg-width=\"750\" tg-height=\"1889\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139099159","content_text":"The S&P 500 has experienced 25 bear markets since 1929. Among them, the worst one from 1929 to 1932 experienced the longest duration in history, and its loss reached 86.2%, while the latest one occurred during the COVID-19 pandemic in 2020.On average, each bear market faced a loss of 33.4% and experienced about 331 days. Moreover, it would occur nearly every four years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882916579,"gmtCreate":1631641486791,"gmtModify":1676530598145,"author":{"id":"3575014845767656","authorId":"3575014845767656","name":"Inoran85","avatar":"https://static.tigerbbs.com/4949874f8df435b28696f56eede35649","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575014845767656","authorIdStr":"3575014845767656"},"themes":[],"htmlText":"Same same but still the same&nbsp;","listText":"Same same but still the same&nbsp;","text":"Same same but still the same","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882916579","repostId":"1147706594","repostType":4,"repost":{"id":"1147706594","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631639765,"share":"https://ttm.financial/m/news/1147706594?lang=&edition=fundamental","pubTime":"2021-09-15 01:16","market":"us","language":"en","title":"Apple unveils iPhone 13, new iPads and Apple Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1147706594","media":"Tiger Newspress","summary":"Apple CEO Tim Cook moved onto product announcements, starting with a new iPad. The video was recorded in an empty auditorium.Apple’s lowest-cost iPad, simply called iPad, is getting an update with a faster A13 processor and a better, 12 megapixel front-facing camera for better video calls, like on Zoom. It’s got a wider lens to capture more people in a single scene and can have an LTE wireless connection.Apple also announced a new iPad Mini, which has a smaller 8.3-inch screen. It has a redesign","content":"<p>Apple CEO Tim Cook moved onto product announcements, starting with a new iPad. The video was recorded in an empty auditorium.</p>\n<p><img src=\"https://static.tigerbbs.com/26d6a31fbb7ecf29e9d253486d082a5b\" tg-width=\"630\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n<p>Apple’s lowest-cost iPad, simply called iPad, is getting an update with a faster A13 processor and a better, 12 megapixel front-facing camera for better video calls, like on Zoom. It’s got a wider lens to capture more people in a single scene and can have an LTE wireless connection.</p>\n<p>It costs $329 with 64GB of storage. That’s more storage but the same starting price as before. It goes on sale next week.</p>\n<p><img src=\"https://static.tigerbbs.com/2b24dbf81571b194598307fecee1b859\" tg-width=\"2102\" tg-height=\"1160\" referrerpolicy=\"no-referrer\"></p>\n<p>Apple also announced a new iPad Mini, which has a smaller 8.3-inch screen. It has a redesign featuring new, flatter design language, like the iPhone 12. It has smaller bezels with no fingerprint sensor on the front and comes in several colors, including purple.</p>\n<p>The TouchID sensor has been built into the top button, which turns the screen on and off. It uses an USB-C connector, instead of Apple’s proprietary Lightning connector. It can support a 5G wireless connection. It works with Apple’s stylus, the second-generation Pencil.</p>\n<p>It starts at $499 and hits stores next week, Apple said.</p>\n<p><img src=\"https://static.tigerbbs.com/08d5a621b63de3c432534e2c8818d294\" tg-width=\"2096\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Apple announces new Apple Watch Series 7</b></p>\n<p>Apple’s next product reveal will be the Apple Watch models, Cook said. The specs are being announced by Apple COO Jeff Williams.</p>\n<p>The new models are called Apple Watch Series 7 will have a redesign, according to a promotional video shown by Apple. The new models have 20% screen area over last year’s Series 6 models but retains an industrial design with rounded edges. Apple says the screen is more crack-resistant and it charges faster.</p>\n<p>Apple has redesigned its software to fit more information on the screen, the company said. It comes several new watch faces.</p>\n<p>The entry-level model comes in five colors, including blue, and red. It also comes in aluminum, steel, and titanium cases, all of which have different prices.</p>\n<p>Previous Apple Watch bands will still work with the new models, Apple said.</p>\n<p><img src=\"https://static.tigerbbs.com/0a7f17f4717a866018f2cea4a1930f81\" tg-width=\"630\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Apple announces iPhone 13 with smaller notch and bigger battery</b></p>\n<p>With over 2 million viewers watching on YouTube, Apple CEO Tim Cook announced new iPhone models called iPhone 13.</p>\n<p>The iPhone 13 has a smaller display cutout, or \"notch,\" at the top of the screen.</p>\n<p>Otherwise, the new iPhone 13 mostly has the same design as last year with new camera modules arranged diagonally. One camera is a 12-megapixel wide-angle lens, with a big sensor that captures 50% more light, Apple said. The other lens is an ultra-wide lens.</p>\n<p>One camera improvement is a new \"cinematic mode\" that can hold focus on a moving subject.</p>\n<p><img src=\"https://static.tigerbbs.com/28421818b5ca117bc9c589e78ef8bda1\" tg-width=\"630\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n<p>It also has a bigger battery and brighter screen, Apple said. It comes in two sizes, 5.4-inch, and 6.1-inches, and five colors.</p>\n<p>It has a new Apple-designed chip powering it, which the company is calling A15 Bionic. It has six cores and a specialized portion for running artificial intelligence algorithms.</p>\n<p>Like last year’s model, this year’s iPhones will have 5G connectivity. Apple says it works on carriers in 60 countries.</p>\n<p>The iPhone 13 mini costs $699 and the iPhone 13 costs $799, Apple said, the same prices as last year. Devices now start with 128GB of storage space, an increase over last year.</p>\n<p><img src=\"https://static.tigerbbs.com/7f1aaddad155334f27af83cd513064cb\" tg-width=\"630\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Apple announces high-end iPhone 13 Pro models with bigger batteries</b></p>\n<p>Apple announced the iPhone 13 Pro and iPhone 13 Pro Max with longer battery life.</p>\n<p>The iPhone 12 Pro should have a 1.5 hour longer battery life and its bigger sibling will have a 2.5 hour longer battery life, Apple said. The iPhone 13 Pro starts at $999 and the Pro Max starts at $1099, the same prices as last year. Apple also has added a larger 1TB storage option.</p>\n<p>The new iPhones will go on sale on September 24, Apple said.</p>\n<p>They have the same screen sizes as last year's models, with a 6.1-inch version and a bigger 6.7-inch version. This year's models also come in a \"Sierra Blue\" version.</p>\n<p>The biggest distinguishing characteristic between iPhone's base models and its Pro models is that they have three rear-facing cameras, including a zoom lens, a wide lens, and an ultra-wide camera, which can focus on objects as close as 2 centimeters away.</p>\n<p>The iPhone 13 Pro has a display that Apple calls \"Super Retina XDR with ProMotion\" that has twice the refresh rate as previous iPhones. This means that scrolling on an iPhone should look smoother with less lag.</p>\n<p>The Pro models have the same chip as the main iPhones, the A15 Bionic, Apple said.</p>\n<p>This year's models are still constructed out of stainless steel, Apple marketing chief Greg Jozwiak said.</p>\n<p><img src=\"https://static.tigerbbs.com/b411f06b12d3389f607254c992313eb5\" tg-width=\"2078\" tg-height=\"1010\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple unveils iPhone 13, new iPads and Apple Watch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple unveils iPhone 13, new iPads and Apple Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-15 01:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Apple CEO Tim Cook moved onto product announcements, starting with a new iPad. The video was recorded in an empty auditorium.</p>\n<p><img src=\"https://static.tigerbbs.com/26d6a31fbb7ecf29e9d253486d082a5b\" tg-width=\"630\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n<p>Apple’s lowest-cost iPad, simply called iPad, is getting an update with a faster A13 processor and a better, 12 megapixel front-facing camera for better video calls, like on Zoom. It’s got a wider lens to capture more people in a single scene and can have an LTE wireless connection.</p>\n<p>It costs $329 with 64GB of storage. That’s more storage but the same starting price as before. It goes on sale next week.</p>\n<p><img src=\"https://static.tigerbbs.com/2b24dbf81571b194598307fecee1b859\" tg-width=\"2102\" tg-height=\"1160\" referrerpolicy=\"no-referrer\"></p>\n<p>Apple also announced a new iPad Mini, which has a smaller 8.3-inch screen. It has a redesign featuring new, flatter design language, like the iPhone 12. It has smaller bezels with no fingerprint sensor on the front and comes in several colors, including purple.</p>\n<p>The TouchID sensor has been built into the top button, which turns the screen on and off. It uses an USB-C connector, instead of Apple’s proprietary Lightning connector. It can support a 5G wireless connection. It works with Apple’s stylus, the second-generation Pencil.</p>\n<p>It starts at $499 and hits stores next week, Apple said.</p>\n<p><img src=\"https://static.tigerbbs.com/08d5a621b63de3c432534e2c8818d294\" tg-width=\"2096\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Apple announces new Apple Watch Series 7</b></p>\n<p>Apple’s next product reveal will be the Apple Watch models, Cook said. The specs are being announced by Apple COO Jeff Williams.</p>\n<p>The new models are called Apple Watch Series 7 will have a redesign, according to a promotional video shown by Apple. The new models have 20% screen area over last year’s Series 6 models but retains an industrial design with rounded edges. Apple says the screen is more crack-resistant and it charges faster.</p>\n<p>Apple has redesigned its software to fit more information on the screen, the company said. It comes several new watch faces.</p>\n<p>The entry-level model comes in five colors, including blue, and red. It also comes in aluminum, steel, and titanium cases, all of which have different prices.</p>\n<p>Previous Apple Watch bands will still work with the new models, Apple said.</p>\n<p><img src=\"https://static.tigerbbs.com/0a7f17f4717a866018f2cea4a1930f81\" tg-width=\"630\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Apple announces iPhone 13 with smaller notch and bigger battery</b></p>\n<p>With over 2 million viewers watching on YouTube, Apple CEO Tim Cook announced new iPhone models called iPhone 13.</p>\n<p>The iPhone 13 has a smaller display cutout, or \"notch,\" at the top of the screen.</p>\n<p>Otherwise, the new iPhone 13 mostly has the same design as last year with new camera modules arranged diagonally. One camera is a 12-megapixel wide-angle lens, with a big sensor that captures 50% more light, Apple said. The other lens is an ultra-wide lens.</p>\n<p>One camera improvement is a new \"cinematic mode\" that can hold focus on a moving subject.</p>\n<p><img src=\"https://static.tigerbbs.com/28421818b5ca117bc9c589e78ef8bda1\" tg-width=\"630\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n<p>It also has a bigger battery and brighter screen, Apple said. It comes in two sizes, 5.4-inch, and 6.1-inches, and five colors.</p>\n<p>It has a new Apple-designed chip powering it, which the company is calling A15 Bionic. It has six cores and a specialized portion for running artificial intelligence algorithms.</p>\n<p>Like last year’s model, this year’s iPhones will have 5G connectivity. Apple says it works on carriers in 60 countries.</p>\n<p>The iPhone 13 mini costs $699 and the iPhone 13 costs $799, Apple said, the same prices as last year. Devices now start with 128GB of storage space, an increase over last year.</p>\n<p><img src=\"https://static.tigerbbs.com/7f1aaddad155334f27af83cd513064cb\" tg-width=\"630\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Apple announces high-end iPhone 13 Pro models with bigger batteries</b></p>\n<p>Apple announced the iPhone 13 Pro and iPhone 13 Pro Max with longer battery life.</p>\n<p>The iPhone 12 Pro should have a 1.5 hour longer battery life and its bigger sibling will have a 2.5 hour longer battery life, Apple said. The iPhone 13 Pro starts at $999 and the Pro Max starts at $1099, the same prices as last year. Apple also has added a larger 1TB storage option.</p>\n<p>The new iPhones will go on sale on September 24, Apple said.</p>\n<p>They have the same screen sizes as last year's models, with a 6.1-inch version and a bigger 6.7-inch version. This year's models also come in a \"Sierra Blue\" version.</p>\n<p>The biggest distinguishing characteristic between iPhone's base models and its Pro models is that they have three rear-facing cameras, including a zoom lens, a wide lens, and an ultra-wide camera, which can focus on objects as close as 2 centimeters away.</p>\n<p>The iPhone 13 Pro has a display that Apple calls \"Super Retina XDR with ProMotion\" that has twice the refresh rate as previous iPhones. This means that scrolling on an iPhone should look smoother with less lag.</p>\n<p>The Pro models have the same chip as the main iPhones, the A15 Bionic, Apple said.</p>\n<p>This year's models are still constructed out of stainless steel, Apple marketing chief Greg Jozwiak said.</p>\n<p><img src=\"https://static.tigerbbs.com/b411f06b12d3389f607254c992313eb5\" tg-width=\"2078\" tg-height=\"1010\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/13f224bb016b853641f590b6753763d1","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147706594","content_text":"Apple CEO Tim Cook moved onto product announcements, starting with a new iPad. The video was recorded in an empty auditorium.\n\nApple’s lowest-cost iPad, simply called iPad, is getting an update with a faster A13 processor and a better, 12 megapixel front-facing camera for better video calls, like on Zoom. It’s got a wider lens to capture more people in a single scene and can have an LTE wireless connection.\nIt costs $329 with 64GB of storage. That’s more storage but the same starting price as before. It goes on sale next week.\n\nApple also announced a new iPad Mini, which has a smaller 8.3-inch screen. It has a redesign featuring new, flatter design language, like the iPhone 12. It has smaller bezels with no fingerprint sensor on the front and comes in several colors, including purple.\nThe TouchID sensor has been built into the top button, which turns the screen on and off. It uses an USB-C connector, instead of Apple’s proprietary Lightning connector. It can support a 5G wireless connection. It works with Apple’s stylus, the second-generation Pencil.\nIt starts at $499 and hits stores next week, Apple said.\n\nApple announces new Apple Watch Series 7\nApple’s next product reveal will be the Apple Watch models, Cook said. The specs are being announced by Apple COO Jeff Williams.\nThe new models are called Apple Watch Series 7 will have a redesign, according to a promotional video shown by Apple. The new models have 20% screen area over last year’s Series 6 models but retains an industrial design with rounded edges. Apple says the screen is more crack-resistant and it charges faster.\nApple has redesigned its software to fit more information on the screen, the company said. It comes several new watch faces.\nThe entry-level model comes in five colors, including blue, and red. It also comes in aluminum, steel, and titanium cases, all of which have different prices.\nPrevious Apple Watch bands will still work with the new models, Apple said.\n\nApple announces iPhone 13 with smaller notch and bigger battery\nWith over 2 million viewers watching on YouTube, Apple CEO Tim Cook announced new iPhone models called iPhone 13.\nThe iPhone 13 has a smaller display cutout, or \"notch,\" at the top of the screen.\nOtherwise, the new iPhone 13 mostly has the same design as last year with new camera modules arranged diagonally. One camera is a 12-megapixel wide-angle lens, with a big sensor that captures 50% more light, Apple said. The other lens is an ultra-wide lens.\nOne camera improvement is a new \"cinematic mode\" that can hold focus on a moving subject.\n\nIt also has a bigger battery and brighter screen, Apple said. It comes in two sizes, 5.4-inch, and 6.1-inches, and five colors.\nIt has a new Apple-designed chip powering it, which the company is calling A15 Bionic. It has six cores and a specialized portion for running artificial intelligence algorithms.\nLike last year’s model, this year’s iPhones will have 5G connectivity. Apple says it works on carriers in 60 countries.\nThe iPhone 13 mini costs $699 and the iPhone 13 costs $799, Apple said, the same prices as last year. Devices now start with 128GB of storage space, an increase over last year.\n\nApple announces high-end iPhone 13 Pro models with bigger batteries\nApple announced the iPhone 13 Pro and iPhone 13 Pro Max with longer battery life.\nThe iPhone 12 Pro should have a 1.5 hour longer battery life and its bigger sibling will have a 2.5 hour longer battery life, Apple said. The iPhone 13 Pro starts at $999 and the Pro Max starts at $1099, the same prices as last year. Apple also has added a larger 1TB storage option.\nThe new iPhones will go on sale on September 24, Apple said.\nThey have the same screen sizes as last year's models, with a 6.1-inch version and a bigger 6.7-inch version. This year's models also come in a \"Sierra Blue\" version.\nThe biggest distinguishing characteristic between iPhone's base models and its Pro models is that they have three rear-facing cameras, including a zoom lens, a wide lens, and an ultra-wide camera, which can focus on objects as close as 2 centimeters away.\nThe iPhone 13 Pro has a display that Apple calls \"Super Retina XDR with ProMotion\" that has twice the refresh rate as previous iPhones. This means that scrolling on an iPhone should look smoother with less lag.\nThe Pro models have the same chip as the main iPhones, the A15 Bionic, Apple said.\nThis year's models are still constructed out of stainless steel, Apple marketing chief Greg Jozwiak said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197062795,"gmtCreate":1621411865017,"gmtModify":1704357191672,"author":{"id":"3575014845767656","authorId":"3575014845767656","name":"Inoran85","avatar":"https://static.tigerbbs.com/4949874f8df435b28696f56eede35649","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575014845767656","authorIdStr":"3575014845767656"},"themes":[],"htmlText":"For the 15th time… media&nbsp;portraying FUD to&nbsp;Investors.&nbsp;#fakenews","listText":"For the 15th time… media&nbsp;portraying FUD to&nbsp;Investors.&nbsp;#fakenews","text":"For the 15th time… media portraying FUD to Investors. #fakenews","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197062795","repostId":"2136822915","repostType":4,"repost":{"id":"2136822915","kind":"highlight","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621411736,"share":"https://ttm.financial/m/news/2136822915?lang=&edition=fundamental","pubTime":"2021-05-19 16:08","market":"us","language":"en","title":"Crypto stocks tumbled in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2136822915","media":"Tiger Newspress","summary":"Crypto stocks tumbled in premarket trading on Bitcoin sliding below $40,000 after China's fresh cryp","content":"<p>Crypto stocks tumbled in premarket trading&nbsp;on&nbsp;Bitcoin sliding below $40,000 after China's fresh crypto curbs.</p><p><img src=\"https://static.tigerbbs.com/270e4af4516a319658e0395134a1c039\" tg-width=\"369\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p><p>Bitcoin tumbled below the $40,000 mark on Wednesday hitting a 3-1/2 month low and dragging down other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.</p><p>Bitcoin , the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk but the news from China sent it as low as $38,514, for a 9% fall.</p><p>The coin is now down 40% from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.</p><p>Bitcoin's moves hit other crypto assets too, with Ether, the coin linked to the ethereum blockchain network, falling 15% to $2,875.36, while meme-based dogecoin tumbled 18%, according to market tracker Coingecko.</p><p>Frankfurt-listed shares in crypto exchange Coinbase slumped 6%, having already dipped below their direct listing price of $250 earlier in the week.</p><p>The crypto declines were sparked last week by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin.</p><p>Selling was exacerbated by China's announcement banning financial institutions and payment companies from providing services related to cryptocurrency transactions. It also warned investors against speculative crypto trading.</p><p>Cryptowatchers predicted more losses ahead, noting the fall below $40,000 represented a breach of a key technical barrier which could set the stage for more selling.</p><p>More importantly, investors may be shifting from bitcoin back to gold, analysts at JPMorgan said, citing positioning data compiled on basis of open interest in CME bitcoin futures contracts.</p><p>This shows \"the steepest and more sustained liquidation\" in bitcoin futures since last October, they told clients, adding: \"the bitcoin flow picture continues to deteriorate and is pointing to continued retrenchment by institutional investors.\"</p><p>The selloff in crypto assets precisely at a time when inflation fears are in the ascendancy dashes any suggestion of the asset class being an inflation hedge.</p><p>Instead, more traditional hedges have been gaining ground, with gold up almost 6% so far this month.</p><p>The recent selloff in bitcoin and other digital currencies has taken market capitalisation of all cryptocurrencies back under $2 trillion, down from the recent $2.5 trillion record.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto stocks tumbled in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto stocks tumbled in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-19 16:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Crypto stocks tumbled in premarket trading&nbsp;on&nbsp;Bitcoin sliding below $40,000 after China's fresh crypto curbs.</p><p><img src=\"https://static.tigerbbs.com/270e4af4516a319658e0395134a1c039\" tg-width=\"369\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p><p>Bitcoin tumbled below the $40,000 mark on Wednesday hitting a 3-1/2 month low and dragging down other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.</p><p>Bitcoin , the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk but the news from China sent it as low as $38,514, for a 9% fall.</p><p>The coin is now down 40% from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.</p><p>Bitcoin's moves hit other crypto assets too, with Ether, the coin linked to the ethereum blockchain network, falling 15% to $2,875.36, while meme-based dogecoin tumbled 18%, according to market tracker Coingecko.</p><p>Frankfurt-listed shares in crypto exchange Coinbase slumped 6%, having already dipped below their direct listing price of $250 earlier in the week.</p><p>The crypto declines were sparked last week by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin.</p><p>Selling was exacerbated by China's announcement banning financial institutions and payment companies from providing services related to cryptocurrency transactions. It also warned investors against speculative crypto trading.</p><p>Cryptowatchers predicted more losses ahead, noting the fall below $40,000 represented a breach of a key technical barrier which could set the stage for more selling.</p><p>More importantly, investors may be shifting from bitcoin back to gold, analysts at JPMorgan said, citing positioning data compiled on basis of open interest in CME bitcoin futures contracts.</p><p>This shows \"the steepest and more sustained liquidation\" in bitcoin futures since last October, they told clients, adding: \"the bitcoin flow picture continues to deteriorate and is pointing to continued retrenchment by institutional investors.\"</p><p>The selloff in crypto assets precisely at a time when inflation fears are in the ascendancy dashes any suggestion of the asset class being an inflation hedge.</p><p>Instead, more traditional hedges have been gaining ground, with gold up almost 6% so far this month.</p><p>The recent selloff in bitcoin and other digital currencies has taken market capitalisation of all cryptocurrencies back under $2 trillion, down from the recent $2.5 trillion record.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EBON":"亿邦国际","RIOT":"Riot Platforms","SOS":"SOS Limited","PYPL":"PayPal","MARA":"MARA Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136822915","content_text":"Crypto stocks tumbled in premarket trading on Bitcoin sliding below $40,000 after China's fresh crypto curbs.Bitcoin tumbled below the $40,000 mark on Wednesday hitting a 3-1/2 month low and dragging down other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.Bitcoin , the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk but the news from China sent it as low as $38,514, for a 9% fall.The coin is now down 40% from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.Bitcoin's moves hit other crypto assets too, with Ether, the coin linked to the ethereum blockchain network, falling 15% to $2,875.36, while meme-based dogecoin tumbled 18%, according to market tracker Coingecko.Frankfurt-listed shares in crypto exchange Coinbase slumped 6%, having already dipped below their direct listing price of $250 earlier in the week.The crypto declines were sparked last week by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin.Selling was exacerbated by China's announcement banning financial institutions and payment companies from providing services related to cryptocurrency transactions. It also warned investors against speculative crypto trading.Cryptowatchers predicted more losses ahead, noting the fall below $40,000 represented a breach of a key technical barrier which could set the stage for more selling.More importantly, investors may be shifting from bitcoin back to gold, analysts at JPMorgan said, citing positioning data compiled on basis of open interest in CME bitcoin futures contracts.This shows \"the steepest and more sustained liquidation\" in bitcoin futures since last October, they told clients, adding: \"the bitcoin flow picture continues to deteriorate and is pointing to continued retrenchment by institutional investors.\"The selloff in crypto assets precisely at a time when inflation fears are in the ascendancy dashes any suggestion of the asset class being an inflation hedge.Instead, more traditional hedges have been gaining ground, with gold up almost 6% so far this month.The recent selloff in bitcoin and other digital currencies has taken market capitalisation of all cryptocurrencies back under $2 trillion, down from the recent $2.5 trillion record.","news_type":1},"isVote":1,"tweetType":1,"viewCount":106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340886520,"gmtCreate":1617372277760,"gmtModify":1704699273324,"author":{"id":"3575014845767656","authorId":"3575014845767656","name":"Inoran85","avatar":"https://static.tigerbbs.com/4949874f8df435b28696f56eede35649","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575014845767656","authorIdStr":"3575014845767656"},"themes":[],"htmlText":"Duhh... you don’t say&nbsp;","listText":"Duhh... you don’t say&nbsp;","text":"Duhh... you don’t say","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340886520","repostId":"1191998262","repostType":4,"repost":{"id":"1191998262","kind":"news","pubTimestamp":1617366158,"share":"https://ttm.financial/m/news/1191998262?lang=&edition=fundamental","pubTime":"2021-04-02 20:22","market":"us","language":"en","title":"How Likely Is a Stock Market Crash?","url":"https://stock-news.laohu8.com/highlight/detail?id=1191998262","media":"Motley Fool","summary":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-b","content":"<blockquote>\n You may not like the answer.\n</blockquote>\n<p>For the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmark<b>S&amp;P 500</b>(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.</p>\n<p>But there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.</p>\n<p>It begs the question: How likely is astock market crash? Let's take a closer look.</p>\n<p><b>Double-digit declines occur every 1.87 years, on average</b></p>\n<p>To begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&amp;P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&amp;P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.</p>\n<p>However, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.</p>\n<p>We could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.</p>\n<p><b>Corrections have been an historical given within three years of a bear market bottom</b></p>\n<p>Another interesting piece of evidence to examine is the frequency by which the S&amp;P 500 corrects after hitting a bear-market bottom.</p>\n<p>Since the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).</p>\n<p>Put another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.</p>\n<p><b>Crashes frequently occur when this valuation metric is hit</b></p>\n<p>But the most damning bit of evidence might just be the S&amp;P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.</p>\n<p>As of the close of business on March 30, the S&amp;P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.</p>\n<p>To some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.</p>\n<p>However, previous instances of the S&amp;P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.</p>\n<p><b>Keep that cash handy in the event that opportunity knocks</b></p>\n<p>To circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.</p>\n<p>While this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.</p>\n<p>The reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&amp;P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&amp;P 500 been negative.</p>\n<p>If you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&amp;P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Likely Is a Stock Market Crash?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Likely Is a Stock Market Crash?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191998262","content_text":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.\nBut there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.\nIt begs the question: How likely is astock market crash? Let's take a closer look.\nDouble-digit declines occur every 1.87 years, on average\nTo begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.\nHowever, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.\nWe could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.\nCorrections have been an historical given within three years of a bear market bottom\nAnother interesting piece of evidence to examine is the frequency by which the S&P 500 corrects after hitting a bear-market bottom.\nSince the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).\nPut another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.\nCrashes frequently occur when this valuation metric is hit\nBut the most damning bit of evidence might just be the S&P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.\nAs of the close of business on March 30, the S&P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.\nTo some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.\nHowever, previous instances of the S&P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.\nKeep that cash handy in the event that opportunity knocks\nTo circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.\nWhile this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.\nThe reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&P 500 been negative.\nIf you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365306629,"gmtCreate":1614695266262,"gmtModify":1704774132874,"author":{"id":"3575014845767656","authorId":"3575014845767656","name":"Inoran85","avatar":"https://static.tigerbbs.com/4949874f8df435b28696f56eede35649","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575014845767656","authorIdStr":"3575014845767656"},"themes":[],"htmlText":"Ok boss, then Short the SP500 and hodl it there&nbsp;","listText":"Ok boss, then Short the SP500 and hodl it there&nbsp;","text":"Ok boss, then Short the SP500 and hodl it there","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365306629","repostId":"1103406593","repostType":4,"repost":{"id":"1103406593","kind":"news","pubTimestamp":1614693752,"share":"https://ttm.financial/m/news/1103406593?lang=&edition=fundamental","pubTime":"2021-03-02 22:02","market":"us","language":"en","title":"Sugar Rush - Why The Economy Will Run Hot, Then Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1103406593","media":"seekingalpha","summary":"Summary\n\nThe expected \"sugar rush\" from more stimulus is why the economy will \"run hot\" then crash.\n","content":"<p>Summary</p>\n<ul>\n <li>The expected \"sugar rush\" from more stimulus is why the economy will \"run hot\" then crash.</li>\n <li>The vast majority of the growth in the U.S. over the last decade was due to a variety of artificial inputs which are not indefinitely sustainable.</li>\n <li>There is a massive disconnect between the \"stock market\" and the \"real economy.\"</li>\n</ul>\n<p>The expected \"sugar rush\" from more stimulus is why the economy will \"run hot\" then crash. As every parent knows, giving a child too much \"sugar\" leads to a \"rush\" of energy. Then comes the crash, where you find them in some odd place taking a nap.</p>\n<p>The Coming Economic \"Rush\"</p>\n<p>Recently, JPMorgan joined the rest of the Wall Street banks in predicting a surge in economic activity for 2021 of 6.4%. Of course, the entire reasoning behind the rise in activity was due to \"stimulus.\"</p>\n<blockquote>\n \"In a note to clients, JPM's chief economist Michael Feroli made the following forecast revisions:\n</blockquote>\n<p>The statement quickly lays out the premise of the \"rush and crash\" syndrome.</p>\n<p>The chart below shows annual real GDP growth rates from 2008 to the present. The surge in GDP in 2021 is a continuation of the \"sugar rush\" of monetary interventions. However, notice economic growth \"crashes\" back to annual norms in 2022.</p>\n<p>The dashed black line is the average annual growth of GDP from 2007 at just 1.7%. (Without the addition of JPMorgan's estimates, the actual growth rate through 2020 was only 1.3%).</p>\n<p><img src=\"https://static.tigerbbs.com/9629eb53dc18f1655fe49df3259efb8e\" tg-width=\"913\" tg-height=\"525\" referrerpolicy=\"no-referrer\"></p>\n<p>For reference, a rate of growth below 2% isn't strong enough to absorb population growth.</p>\n<blockquote>\n (Note: Prior to 2000, an economic growth rate of 2% was considered \"pre-recessionary.\" In order to justify excess spending and Government interventions, 2% growth is now considered a \"success\" of policy.\"\n</blockquote>\n<p><b>It's All Been Artificial</b></p>\n<p>Here is the more significant issue. The vast majority of the growth in the U.S. over the last decade was due to a variety of artificial inputs which are not indefinitely sustainable. From increasing federal expenditures:</p>\n<p><img src=\"https://static.tigerbbs.com/2516f49b7c1565d8d1451ce1c82f702d\" tg-width=\"912\" tg-height=\"525\" referrerpolicy=\"no-referrer\"></p>\n<p>And a litany of \"bailouts,\" which are a function of increased debts and deficits and massive monetary interventions.</p>\n<p><img src=\"https://static.tigerbbs.com/724349a20ecbb1ec296a5399d6d3472e\" tg-width=\"910\" tg-height=\"521\" referrerpolicy=\"no-referrer\"></p>\n<p>While the economy may have \"appeared\" to grow during this period, economic growth would have been \"negative\" without debt increases. The chart below shows what economic growth would be without the increases in Federal debt.</p>\n<p><img src=\"https://static.tigerbbs.com/254442d01aca7a78e94a8ad57f5a3c8c\" tg-width=\"885\" tg-height=\"520\" referrerpolicy=\"no-referrer\"></p>\n<p>Such is why, after more than a decade of monetary and fiscal interventions totaling more than$37 trillionand counting, the economy remains on \"life support.\"</p>\n<p>(It required roughly $12 in support to generate $1 of economic growth.)</p>\n<p><img src=\"https://static.tigerbbs.com/245086ab1ba07a40241fb1b03a647762\" tg-width=\"894\" tg-height=\"476\"></p>\n<p>While the claims of a robust economy rely heavily upon a surge in consumer spending, it is a mirage of the increase in \"social benefits.\"</p>\n<p><b>Real Incomes Not Improving</b></p>\n<p>A significant problem with a bulk of the analysis put out by mainstream economists, and the media is that it often fails to examine the underlying causes. An excellent example has been that consumer incomes are surging, which will support the economic \"sugar rush.\" A look at the chart below would undoubtedly suggest that to be true.</p>\n<p><img src=\"https://static.tigerbbs.com/209cc9c414434eee3f179dfde40d0155\" tg-width=\"772\" tg-height=\"490\"></p>\n<p>However, the reality is much less optimistic when you strip out \"government transfer payments.\" While the economy has rebounded, real disposable incomes remain below previous highs. Notably, of the next $1.9 trillion in stimulus, only roughly $900 billion flows to households. Such won't boost incomes markedly.</p>\n<p><img src=\"https://static.tigerbbs.com/ce655a76accf67d1d60c0b7f02242c1c\" tg-width=\"774\" tg-height=\"490\"></p>\n<p>The chart below shows the problem more clearly. As noted above, the \"real\" economic prosperity of household incomes has not improved markedly without government supports. Such is why, at roughly 2% economic growth, nearly 1-in-3 households are dependent on some form of government handout.</p>\n<p><img src=\"https://static.tigerbbs.com/fb264f1eabee006ba8d182a2162ad101\" tg-width=\"777\" tg-height=\"574\"></p>\n<p><b>A Surge In The \"Welfare Trap\"</b></p>\n<p>There is a massive disconnect between the \"stock market\" and the \"real economy.\" As we have discussed previously, the top10% of income earners own nearly 90%of the stock market.</p>\n<p><img src=\"https://static.tigerbbs.com/6cd9a5efcc6666d6d4fd8861a0ceea4a\" tg-width=\"900\" tg-height=\"517\"></p>\n<p>For the bottom 80%, which drives the bulk of personal consumption expenditures (PCE), they continue to struggle to make ends meet. Such is why the dependency on social welfare now comprises one-third of total incomes. Other statistics are just as daunting.</p>\n<ul>\n <li><p>38 million Americans on food stamps</p></li>\n <li><p>According to the Census Bureau, an estimated 50% of the 330 million Americans get at least one federal benefit.</p></li>\n <li><p>An estimated 63 million get Social Security; 59.9 million get Medicare; 75 million get Medicaid; 5 million get housing subsidies, and 4 million get Veterans' benefits.</p></li>\n</ul>\n<p>Those numbers continue to rise.</p>\n<p><img src=\"https://static.tigerbbs.com/1e9a46308e827715af3777b1586ce189\" tg-width=\"1280\" tg-height=\"491\"></p>\n<p>Without government largesse, many individuals would be living on the street. The chart above shows all the government \"welfare\" programs and current levels to date.</p>\n<p>The problem with \"stimulus programs\" is that you can see the immediate subsequent contraction once the benefit depletes. Since one-third of incomes dependent on government transfers, it is not surprising that the economy struggles as recycled tax dollars used for consumption purposes have virtually no impact on the overall economy.</p>\n<p><img src=\"https://static.tigerbbs.com/a11738fa36d2bea285ea86c1eb6b8b7a\" tg-width=\"779\" tg-height=\"490\"></p>\n<p>In fact, in the ongoing saga of the American economy's demise, U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression.</p>\n<p>Such occurs when the current administration remains enthralled with finding some universe where socialistic programs lead to sustainable economic growth.</p>\n<p>It doesn't.</p>\n<p>The Coming \"Crash\"</p>\n<p>As the stimulus hits consumers, they spend it rather quickly, which leads to a \"sugar rush\" of economic activity. Such as:</p>\n<ol>\n <li><p>Consumers use the funds to make either necessary or discretionary purchases creating demand.</p></li>\n <li><p>In anticipation of demand, companies boost \"inventories.\"</p></li>\n <li><p>The boost in \"inventory stocking\" boosts manufacturing metrics.</p></li>\n</ol>\n<p>We are seeing this currently as manufacturing and inventory metrics surge.</p>\n<p>As shown, the stimulus will lead to a short-term boost in PCE, which will correspond with increased economic growth. (PCE comprises nearly 70% of the calculation.)</p>\n<p><img src=\"https://static.tigerbbs.com/6516b0d8f4641bb54be6c447fd64a5af\" tg-width=\"791\" tg-height=\"479\"></p>\n<p>However, there is a \"dark side\" to stimulus-fueled activity.</p>\n<ol>\n <li><p>Since companies know the stimulus is \"temporary,\" they don't make long-term hiring and capital expenditure plans.</p></li>\n <li><p>The increase in activity leads to an inflationary rise that companies have difficulty passing on to consumers, ultimately reducing profit margins.</p></li>\n <li><p>Again, since companies know the stimulus is temporary, they opt for \"efficiencies,\" such as outsourcing and automation, to lower labor and production costs.</p></li>\n <li><p>After the stimulus gets depleted, consumers struggle with higher costs which further deteriorates their standard of living.</p></li>\n</ol>\n<p>Unless the Government is committed to a continuous stimulus, once the \"sugar rush\" fades, the economy will \"crash\" back to its organic state.</p>\n<p><img src=\"https://static.tigerbbs.com/ea0ad408722f4e7b0e53228cbd75e567\" tg-width=\"792\" tg-height=\"477\"></p>\n<p>The bottom line is that America can't grow its way back to prosperity on the back of social assistance. The average American is fighting to make ends meet as their living cost rises while wage growth remains stagnant.</p>\n<p><b>Deflation Set To Return</b></p>\n<p>That brings us to the hard truth.</p>\n<p>If we assume even the most optimistic economic outcome of the current stimulus bill, the reality is that economic growth will remain mired in its long-term downtrend.</p>\n<p>As the budget deficit grows over the next few years, interest payments alone will absorb a larger chunk of tax revenue. Such comes at a time when that same dollar of tax revenue only covers the entitlement spending of the 75 million baby boomers migrating into the social safety net.</p>\n<p>By the way, the only other time government income support exceeded taxes paid was during the \"Great Depression\" from 1931 to 1936.</p>\n<p>The debt problem remains a massive risk to monetary and fiscal policy. If rates rise, the negative impact on an indebted economy quickly depresses activity. More importantly, the decline in monetary velocity clearly shows that deflation is a persistent threat.</p>\n<p><img src=\"https://static.tigerbbs.com/383872d3c785e619d2a2d346e89a0175\" tg-width=\"1024\" tg-height=\"569\"></p>\n<p><b>No Real Options</b></p>\n<p>There are no real options unless the system is allowed to reset painfully.</p>\n<p>Unfortunately, given we now have a decade of experience of watching monetary experiments only succeed in creating a massive \"wealth gap,\" maybe we should consider the alternative.</p>\n<p>Ultimately, the Federal Reserve, and the Administration, will have to face hard choices to extricate the economy from the current\"liquidity trap.\"However, history shows that political leadership never makes hard choices until those choices get forced upon them.</p>\n<p>Most telling is the current economists' inability, who maintain our monetary and fiscal policies, to realize the problem of trying to \"cure a debt problem with more debt.\"</p>\n<p>The Keynesian view that \"more money in people's pockets\" will drive up consumer spending, with a boost to GDP being the result, has been wrong. It hasn't happened in 40 years.</p>\n<p>As Dr. Woody Brock aptly argues:</p>\n<blockquote>\n \"It is truly 'American Gridlock' as the real crisis lies between the choices of 'austerity' and continued government 'largesse.' One choice leads to long-term economic prosperity for all; the other doesn't.\"\n</blockquote>\n<p>Take your pick.</p>\n<p>While we likely see a spark of inflation, it probably won't last long. Eventually, the grip of the debt-driven deflationary cycle will regain its burdensome hold.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sugar Rush - Why The Economy Will Run Hot, Then Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSugar Rush - Why The Economy Will Run Hot, Then Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 22:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4410290-sugar-rush-why-the-economy-will-run-hot-then-crash><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe expected \"sugar rush\" from more stimulus is why the economy will \"run hot\" then crash.\nThe vast majority of the growth in the U.S. over the last decade was due to a variety of artificial ...</p>\n\n<a href=\"https://seekingalpha.com/article/4410290-sugar-rush-why-the-economy-will-run-hot-then-crash\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4410290-sugar-rush-why-the-economy-will-run-hot-then-crash","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1103406593","content_text":"Summary\n\nThe expected \"sugar rush\" from more stimulus is why the economy will \"run hot\" then crash.\nThe vast majority of the growth in the U.S. over the last decade was due to a variety of artificial inputs which are not indefinitely sustainable.\nThere is a massive disconnect between the \"stock market\" and the \"real economy.\"\n\nThe expected \"sugar rush\" from more stimulus is why the economy will \"run hot\" then crash. As every parent knows, giving a child too much \"sugar\" leads to a \"rush\" of energy. Then comes the crash, where you find them in some odd place taking a nap.\nThe Coming Economic \"Rush\"\nRecently, JPMorgan joined the rest of the Wall Street banks in predicting a surge in economic activity for 2021 of 6.4%. Of course, the entire reasoning behind the rise in activity was due to \"stimulus.\"\n\n \"In a note to clients, JPM's chief economist Michael Feroli made the following forecast revisions:\n\nThe statement quickly lays out the premise of the \"rush and crash\" syndrome.\nThe chart below shows annual real GDP growth rates from 2008 to the present. The surge in GDP in 2021 is a continuation of the \"sugar rush\" of monetary interventions. However, notice economic growth \"crashes\" back to annual norms in 2022.\nThe dashed black line is the average annual growth of GDP from 2007 at just 1.7%. (Without the addition of JPMorgan's estimates, the actual growth rate through 2020 was only 1.3%).\n\nFor reference, a rate of growth below 2% isn't strong enough to absorb population growth.\n\n (Note: Prior to 2000, an economic growth rate of 2% was considered \"pre-recessionary.\" In order to justify excess spending and Government interventions, 2% growth is now considered a \"success\" of policy.\"\n\nIt's All Been Artificial\nHere is the more significant issue. The vast majority of the growth in the U.S. over the last decade was due to a variety of artificial inputs which are not indefinitely sustainable. From increasing federal expenditures:\n\nAnd a litany of \"bailouts,\" which are a function of increased debts and deficits and massive monetary interventions.\n\nWhile the economy may have \"appeared\" to grow during this period, economic growth would have been \"negative\" without debt increases. The chart below shows what economic growth would be without the increases in Federal debt.\n\nSuch is why, after more than a decade of monetary and fiscal interventions totaling more than$37 trillionand counting, the economy remains on \"life support.\"\n(It required roughly $12 in support to generate $1 of economic growth.)\n\nWhile the claims of a robust economy rely heavily upon a surge in consumer spending, it is a mirage of the increase in \"social benefits.\"\nReal Incomes Not Improving\nA significant problem with a bulk of the analysis put out by mainstream economists, and the media is that it often fails to examine the underlying causes. An excellent example has been that consumer incomes are surging, which will support the economic \"sugar rush.\" A look at the chart below would undoubtedly suggest that to be true.\n\nHowever, the reality is much less optimistic when you strip out \"government transfer payments.\" While the economy has rebounded, real disposable incomes remain below previous highs. Notably, of the next $1.9 trillion in stimulus, only roughly $900 billion flows to households. Such won't boost incomes markedly.\n\nThe chart below shows the problem more clearly. As noted above, the \"real\" economic prosperity of household incomes has not improved markedly without government supports. Such is why, at roughly 2% economic growth, nearly 1-in-3 households are dependent on some form of government handout.\n\nA Surge In The \"Welfare Trap\"\nThere is a massive disconnect between the \"stock market\" and the \"real economy.\" As we have discussed previously, the top10% of income earners own nearly 90%of the stock market.\n\nFor the bottom 80%, which drives the bulk of personal consumption expenditures (PCE), they continue to struggle to make ends meet. Such is why the dependency on social welfare now comprises one-third of total incomes. Other statistics are just as daunting.\n\n38 million Americans on food stamps\nAccording to the Census Bureau, an estimated 50% of the 330 million Americans get at least one federal benefit.\nAn estimated 63 million get Social Security; 59.9 million get Medicare; 75 million get Medicaid; 5 million get housing subsidies, and 4 million get Veterans' benefits.\n\nThose numbers continue to rise.\n\nWithout government largesse, many individuals would be living on the street. The chart above shows all the government \"welfare\" programs and current levels to date.\nThe problem with \"stimulus programs\" is that you can see the immediate subsequent contraction once the benefit depletes. Since one-third of incomes dependent on government transfers, it is not surprising that the economy struggles as recycled tax dollars used for consumption purposes have virtually no impact on the overall economy.\n\nIn fact, in the ongoing saga of the American economy's demise, U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression.\nSuch occurs when the current administration remains enthralled with finding some universe where socialistic programs lead to sustainable economic growth.\nIt doesn't.\nThe Coming \"Crash\"\nAs the stimulus hits consumers, they spend it rather quickly, which leads to a \"sugar rush\" of economic activity. Such as:\n\nConsumers use the funds to make either necessary or discretionary purchases creating demand.\nIn anticipation of demand, companies boost \"inventories.\"\nThe boost in \"inventory stocking\" boosts manufacturing metrics.\n\nWe are seeing this currently as manufacturing and inventory metrics surge.\nAs shown, the stimulus will lead to a short-term boost in PCE, which will correspond with increased economic growth. (PCE comprises nearly 70% of the calculation.)\n\nHowever, there is a \"dark side\" to stimulus-fueled activity.\n\nSince companies know the stimulus is \"temporary,\" they don't make long-term hiring and capital expenditure plans.\nThe increase in activity leads to an inflationary rise that companies have difficulty passing on to consumers, ultimately reducing profit margins.\nAgain, since companies know the stimulus is temporary, they opt for \"efficiencies,\" such as outsourcing and automation, to lower labor and production costs.\nAfter the stimulus gets depleted, consumers struggle with higher costs which further deteriorates their standard of living.\n\nUnless the Government is committed to a continuous stimulus, once the \"sugar rush\" fades, the economy will \"crash\" back to its organic state.\n\nThe bottom line is that America can't grow its way back to prosperity on the back of social assistance. The average American is fighting to make ends meet as their living cost rises while wage growth remains stagnant.\nDeflation Set To Return\nThat brings us to the hard truth.\nIf we assume even the most optimistic economic outcome of the current stimulus bill, the reality is that economic growth will remain mired in its long-term downtrend.\nAs the budget deficit grows over the next few years, interest payments alone will absorb a larger chunk of tax revenue. Such comes at a time when that same dollar of tax revenue only covers the entitlement spending of the 75 million baby boomers migrating into the social safety net.\nBy the way, the only other time government income support exceeded taxes paid was during the \"Great Depression\" from 1931 to 1936.\nThe debt problem remains a massive risk to monetary and fiscal policy. If rates rise, the negative impact on an indebted economy quickly depresses activity. More importantly, the decline in monetary velocity clearly shows that deflation is a persistent threat.\n\nNo Real Options\nThere are no real options unless the system is allowed to reset painfully.\nUnfortunately, given we now have a decade of experience of watching monetary experiments only succeed in creating a massive \"wealth gap,\" maybe we should consider the alternative.\nUltimately, the Federal Reserve, and the Administration, will have to face hard choices to extricate the economy from the current\"liquidity trap.\"However, history shows that political leadership never makes hard choices until those choices get forced upon them.\nMost telling is the current economists' inability, who maintain our monetary and fiscal policies, to realize the problem of trying to \"cure a debt problem with more debt.\"\nThe Keynesian view that \"more money in people's pockets\" will drive up consumer spending, with a boost to GDP being the result, has been wrong. It hasn't happened in 40 years.\nAs Dr. Woody Brock aptly argues:\n\n \"It is truly 'American Gridlock' as the real crisis lies between the choices of 'austerity' and continued government 'largesse.' One choice leads to long-term economic prosperity for all; the other doesn't.\"\n\nTake your pick.\nWhile we likely see a spark of inflation, it probably won't last long. Eventually, the grip of the debt-driven deflationary cycle will regain its burdensome hold.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312886770,"gmtCreate":1612097603590,"gmtModify":1704867223488,"author":{"id":"3575014845767656","authorId":"3575014845767656","name":"Inoran85","avatar":"https://static.tigerbbs.com/4949874f8df435b28696f56eede35649","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575014845767656","authorIdStr":"3575014845767656"},"themes":[],"htmlText":"In&nbsp;for the coins baby!&nbsp;","listText":"In&nbsp;for the coins baby!&nbsp;","text":"In for the coins baby!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/312886770","repostId":"1181933127","repostType":4,"repost":{"id":"1181933127","kind":"news","pubTimestamp":1611913647,"share":"https://ttm.financial/m/news/1181933127?lang=&edition=fundamental","pubTime":"2021-01-29 17:47","market":"sg","language":"en","title":"China Starts Earnings With 9 in 10 Firms Expecting Higher Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=1181933127","media":"Yahoo finance","summary":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investor","content":"<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.</p>\n<p>Among the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.</p>\n<p>Evidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.</p>\n<p>“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”</p>\n<p>China’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.</p>\n<p>Forecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.</p>\n<p>Companies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.</p>\n<p>(Corrects percentage in second paragraph)</p>\n<p>For more articles like this, please visit us atbloomberg.com</p>\n<p>Subscribe nowto stay ahead with the most trusted business news source.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Starts Earnings With 9 in 10 Firms Expecting Higher Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Starts Earnings With 9 in 10 Firms Expecting Higher Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 17:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html><strong>Yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181933127","content_text":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.\nEvidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.\n“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”\nChina’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.\nForecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.\nCompanies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.\n(Corrects percentage in second paragraph)\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.","news_type":1},"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}